Winners and Losers: SA’s top company cracks long-awaited milestone
The share price of the most-valuable company in South Australia has broken through a key milestone.
Oil and gas giant Santos – South Australia’s top company for 2026 – cracked a share price milestone last week, breaking through the long-awaited $9 per share mark.
It achieved the milestone last Tuesday morning and closed out the week up almost four per cent to land an almost $30 billion market capitalisation.
The rally may continue ahead of the company releasing its third-quarter results later this month.
And analysts remain bullish on Santos, with Morgan Stanley tipping shares could rise to $9.31 – a 20c per share rise from Friday’s closing price of $9.11.
Santos was once again named SA’s top company for the year in InDaily’s South Australian Business Index.
As for other companies on the Business Index, 1414 Degrees – ranked at 94 – made the Losers list this week.
Shares in the alternative energy business fell by 16.67 per cent over the trading week after announcing a new $1 million program to accelerate the development of its novel battery technology.
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Clever Culture – ranked 98th – was on the Winners list this week, rising 11.11 per cent on the back of announcing a new US biotech partnership.
The full list of Winners and Losers for the week ending October 16:
Data via Baker Young Limited analysts.
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